Comment by epistasis
13 hours ago
Those ember energy reports are excellent!
The US is mostly hurting itself here, our portion of emissions is mostly historical now, and if we have more expensive and less reliably energy because we are dumping money into decrepit coal generators rather than cheaper renewables, that will only limit the US's economic growth even more, and make the US a smaller chunk of emissions overall.
I have a very rosy view of the future of energy for the world, especially for Africa which can be completely revolutionized with solar and batteries. But for the US, it's dark days. We need to stop hitting ourselves, but as long as hitting ourselves and hurting our economy is owning the libs, part of our body politic is going to keep on doing it.
You make great points, and I can only recommend reducing your exposure to the US and its choices to the best of your ability. I invest to get exposure to companies outside of the US now, not inside. I invest in renewable energy funds in Europe (partly to get citizenship, but also to contribute towards the energy transition there). I intend to leave tech soon to move into clean tech finance. The direction and trajectories are clear, to ignore them would simply be out of emotion.
Is the US hurting it's future economic potential and infrastructure stock out of ideology? Absolutely. Do I care if the US continues to fight against these energy technology torrent rapids out of ideology? I do not. That is the US' choice to impair their future infrastructure and capabilities as a nation state. I can only observe and comment on a suboptimal system I do not control.
Having grown up in the US, and been very proud of it despite some egregious mistakes that happened when I was of voting age that I could not stop (e.g. Iraq War), it's very hard to bet against the US. And in the past it's always been a bad idea. But you make a very compelling argument, and the returns on the US vs. international stock markets over the past year make a very objective argument that I'm investing in the wrong places.
I still feel an obligation to fix the mess here, as much as possible, and will continue to do so, but full minimization of US-exposure has never sounded so good.
We win or we learn. I thought I was a proud American too, that these were my people. Turns out, the US is just an exploitation engine with a God/control complex attempting to bully its way to remain in its position as a superpower while neglecting everything a superpower needs to be one, for profits of those who stand to gain. It is not great because it is great, it is marketing and PR of a paper tiger that has been coasting on trust for decades while rotting from the inside. These are not my people. I no longer am invested in its outcome, but I understand others my have differing opinions. I still care about good people, and have constrained my attention scope to only those people, versus entire nation states. I focus my attention to context where problems want to be solved, not just say they are desired to be solved as a diversion strategy ("purpose of the system is what it does"). Appreciate the conversation as always. Life is short, time is non renewable, spend it wisely.